What Fannie Mae’s climate official is working on

By Thomas Frank | 03/05/2024 06:44 AM EST

He wants the public to have more information about flood risk when buying a home.

 Timothy Judge, chief climate officer for Fannie Mae.

Timothy Judge, chief climate officer for Fannie Mae. Fannie Mae

Timothy Judge’s favorite term when he talks about climate change is “price signals.”

The phrase has become a cornerstone of global climate policy as nations give tax incentives to cut the price of electric vehicles and impose tax penalties on carbon emissions.

Judge, the chief climate officer at Fannie Mae, is focused on one potential price signal with uncertain effects: Do homes lose value if people know the property is at risk of being flooded?


The question is at the core of a national debate over whether states should require home sellers to disclose their property’s flood history and inundation risk to potential buyers.